Amplify Etf Trust Etf Z Score
| GAMR Etf | USD 68.45 0.73 1.06% |
Amplify |
Amplify ETF Trust ETF Z Score Analysis
Amplify ETF's Z-Score is a simple linear, multi-factor model that measures the financial health and economic stability of a company. The score is used to predict the probability of a firm going into bankruptcy within next 24 months or two fiscal years from the day stated on the accounting statements used to calculate it. The model uses five fundamental business ratios that are weighted according to algorithm of Professor Edward Altman who developed it in the late 1960s at New York University..
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To calculate a Z-Score, one would need to know a company's current working capital, its total assets and liabilities, and the amount of its latest earnings as well as earnings before interest and tax. Z-Scores can be used to compare the odds of bankruptcy of companies in a similar line of business or firms operating in the same industry. Companies with Z-Scores above 3.1 are generally considered to be stable and healthy with a low probability of bankruptcy. Scores that fall between 1.8 and 3.1 lie in a so-called 'grey area,' with scores of less than 1 indicating the highest probability of distress. Z Score is a used widely measure by financial auditors, accountants, money managers, loan processors, wealth advisers, and day traders. In the last 25 years, many financial models that utilize z-scores proved it to be successful as a predictor of corporate bankruptcy.
| Competition |
According to the company's disclosures, Amplify ETF Trust has a Z Score of 0.0. This indicator is about the same for the ETFMG average (which is currently at 0.0) family and about the same as Communications (which currently averages 0.0) category. This indicator is about the same for all United States etfs average (which is currently at 0.0).
Amplify Z Score Peer Comparison
Stock peer comparison is one of the most widely used and accepted methods of equity analyses. It analyses Amplify ETF's direct or indirect competition against its Z Score to detect undervalued stocks with similar characteristics or determine the etfs which would be a good addition to a portfolio. Peer analysis of Amplify ETF could also be used in its relative valuation, which is a method of valuing Amplify ETF by comparing valuation metrics of similar companies.Amplify ETF is currently under evaluation in z score as compared to similar ETFs.
Fund Asset Allocation for Amplify ETF
The fund invests 99.02% of asset under management in tradable equity instruments, with the rest of investments concentrated in bonds (0.14%) and various exotic instruments.Asset allocation divides Amplify ETF's investment portfolio among different asset categories to balance risk and reward by investing in a diversified mix of instruments that align with the investor's goals, risk tolerance, and time horizon. Mutual funds, which pool money from multiple investors to buy a diversified portfolio of securities, use asset allocation strategies to manage the risk and return of their portfolios.
Mutual funds allocate their assets by investing in a diversified portfolio of securities, such as stocks, bonds, cryptocurrencies and cash. The specific mix of these securities is determined by the fund's investment objective and strategy. For example, a stock mutual fund may invest primarily in equities, while a bond mutual fund may invest mainly in fixed-income securities. The fund's manager, responsible for making investment decisions, will buy and sell securities in the fund's portfolio as market conditions and the fund's objectives change.
Amplify Fundamentals
| Return On Asset | 0.91 | |||
| Profit Margin | (1.06) % | |||
| Operating Margin | 1.80 % | |||
| Current Valuation | 5 M | |||
| Shares Outstanding | 4.97 M | |||
| Shares Owned By Insiders | 59.67 % | |||
| Shares Owned By Institutions | 1.50 % | |||
| Price To Earning | 19.02 X | |||
| Price To Book | 1.94 X | |||
| Price To Sales | 1.66 X | |||
| Revenue | 76.54 M | |||
| Gross Profit | 40.48 M | |||
| EBITDA | 2.1 M | |||
| Net Income | (811 K) | |||
| Cash And Equivalents | 43.04 M | |||
| Cash Per Share | 8.66 X | |||
| Total Debt | 9.01 M | |||
| Debt To Equity | 0.10 % | |||
| Current Ratio | 2.57 X | |||
| Cash Flow From Operations | 3.31 M | |||
| Earnings Per Share | (0.34) X | |||
| Number Of Employees | 171 | |||
| Beta | 1.21 | |||
| Market Capitalization | 39.53 M | |||
| Total Asset | 51 M | |||
| Retained Earnings | (8.72 M) | |||
| Working Capital | 48.18 M | |||
| Current Asset | 78.81 M | |||
| Current Liabilities | 30.63 M | |||
| One Year Return | (1.40) % | |||
| Three Year Return | (12.30) % | |||
| Five Year Return | 7.80 % | |||
| Net Asset | 51 M | |||
| Last Dividend Paid | 0.03 | |||
| Equity Positions Weight | 99.02 % | |||
| Bond Positions Weight | 0.14 % |
About Amplify ETF Fundamental Analysis
The Macroaxis Fundamental Analysis modules help investors analyze Amplify ETF Trust's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of Amplify ETF using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of Amplify ETF Trust based on its fundamental data. In general, a quantitative approach, as applied to this etf, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.
Please read more on our fundamental analysis page.
Pair Trading with Amplify ETF
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Amplify ETF position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Amplify ETF will appreciate offsetting losses from the drop in the long position's value.Moving together with Amplify Etf
| 0.66 | XLC | Communication Services | PairCorr |
| 0.81 | VOX | Vanguard Communication | PairCorr |
| 0.69 | FCOM | Fidelity MSCI Commun | PairCorr |
| 0.71 | IYZ | IShares Telecommunicatio | PairCorr |
| 0.85 | ESPO | VanEck Video Gaming | PairCorr |
Moving against Amplify Etf
The ability to find closely correlated positions to Amplify ETF could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Amplify ETF when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Amplify ETF - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Amplify ETF Trust to buy it.
The correlation of Amplify ETF is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Amplify ETF moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Amplify ETF Trust moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Amplify ETF can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Amplify ETF Piotroski F Score and Portfolio Optimization analysis. To learn how to invest in Amplify Etf, please use our How to Invest in Amplify ETF guide.You can also try the Cryptocurrency Center module to build and monitor diversified portfolio of extremely risky digital assets and cryptocurrency.
The market value of Amplify ETF Trust is measured differently than its book value, which is the value of Amplify that is recorded on the company's balance sheet. Investors also form their own opinion of Amplify ETF's value that differs from its market value or its book value, called intrinsic value, which is Amplify ETF's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Amplify ETF's market value can be influenced by many factors that don't directly affect Amplify ETF's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Amplify ETF's value and its price as these two are different measures arrived at by different means. Investors typically determine if Amplify ETF is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Amplify ETF's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.